M&R Capital Management Inc. Grows Position in East West Bancorp, Inc. (NASDAQ:EWBC)

M&R Capital Management Inc. lifted its stake in East West Bancorp, Inc. (NASDAQ:EWBC) by 11.4% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 7,829 shares of the financial services provider’s stock after buying an additional 801 shares during the quarter. M&R Capital Management Inc.’s holdings in East West Bancorp were worth $366,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in the company. BlackRock Inc. lifted its holdings in shares of East West Bancorp by 1.4% in the first quarter. BlackRock Inc. now owns 15,631,046 shares of the financial services provider’s stock worth $749,821,000 after buying an additional 210,275 shares in the last quarter. JPMorgan Chase & Co. raised its stake in East West Bancorp by 0.3% during the first quarter. JPMorgan Chase & Co. now owns 4,923,380 shares of the financial services provider’s stock valued at $236,175,000 after purchasing an additional 14,063 shares in the last quarter. Boston Partners raised its stake in East West Bancorp by 2.1% during the first quarter. Boston Partners now owns 4,682,285 shares of the financial services provider’s stock valued at $224,610,000 after purchasing an additional 94,548 shares in the last quarter. William Blair Investment Management LLC raised its stake in East West Bancorp by 132.7% during the first quarter. William Blair Investment Management LLC now owns 3,757,889 shares of the financial services provider’s stock valued at $180,266,000 after purchasing an additional 2,142,829 shares in the last quarter. Finally, Principal Financial Group Inc. raised its stake in East West Bancorp by 46.5% during the first quarter. Principal Financial Group Inc. now owns 3,159,327 shares of the financial services provider’s stock valued at $151,555,000 after purchasing an additional 1,002,529 shares in the last quarter. 89.06% of the stock is currently owned by hedge funds and other institutional investors.

EWBC stock traded down $0.69 during mid-day trading on Friday, reaching $43.80. 881,689 shares of the stock traded hands, compared to its average volume of 930,570. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.03 and a quick ratio of 1.03. East West Bancorp, Inc. has a one year low of $40.05 and a one year high of $66.08. The firm has a market cap of $6.48 billion, a PE ratio of 9.40, a PEG ratio of 0.97 and a beta of 1.62. The company has a 50-day simple moving average of $46.19.

East West Bancorp (NASDAQ:EWBC) last posted its quarterly earnings data on Thursday, July 18th. The financial services provider reported $1.24 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $1.24. The business had revenue of $420.09 million for the quarter, compared to analysts’ expectations of $416.35 million. East West Bancorp had a net margin of 32.92% and a return on equity of 15.42%. During the same quarter in the previous year, the business posted $1.18 earnings per share. As a group, equities analysts anticipate that East West Bancorp, Inc. will post 4.89 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, August 15th. Stockholders of record on Thursday, August 1st will be issued a $0.275 dividend. This represents a $1.10 dividend on an annualized basis and a dividend yield of 2.51%. The ex-dividend date of this dividend is Wednesday, July 31st. East West Bancorp’s payout ratio is presently 23.61%.

A number of equities research analysts recently issued reports on the stock. BidaskClub raised shares of East West Bancorp from a “hold” rating to a “buy” rating in a research note on Tuesday, July 23rd. Raymond James cut shares of East West Bancorp from a “market perform” rating to an “underperform” rating in a research report on Monday, July 8th. ValuEngine cut shares of East West Bancorp from a “sell” rating to a “strong sell” rating in a research report on Friday. Wedbush reiterated an “outperform” rating and set a $50.00 price objective (down previously from $57.00) on shares of East West Bancorp in a research report on Monday, June 3rd. Finally, Zacks Investment Research upgraded shares of East West Bancorp from a “sell” rating to a “hold” rating and set a $48.00 price objective on the stock in a research report on Friday, June 28th. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and seven have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $61.33.

About East West Bancorp

East West Bancorp, Inc operates as the bank holding company for East West Bank that provides a range of personal and commercial banking services to businesses and individuals in the United States and Greater China. It operates in three segments: Consumer and Business Banking, Commercial Banking, and Other.

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Institutional Ownership by Quarter for East West Bancorp (NASDAQ:EWBC)

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